Somewhat Favorable News Coverage Somewhat Unlikely to Affect Plains GP (PAGP) Stock Price

News coverage about Plains GP (NYSE:PAGP) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Plains GP earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news coverage about the pipeline company an impact score of 46.0549967457103 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein cut shares of Plains GP from an “outperform” rating to a “market perform” rating in a research report on Monday, June 18th. ValuEngine raised shares of Plains GP from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. Stifel Nicolaus cut shares of Plains GP from a “buy” rating to a “hold” rating and set a $24.00 price target for the company. in a research report on Wednesday, May 9th. TheStreet raised shares of Plains GP from a “d+” rating to a “c-” rating in a research report on Monday, May 7th. Finally, US Capital Advisors cut shares of Plains GP from an “overweight” rating to a “hold” rating in a research report on Wednesday, May 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Plains GP presently has an average rating of “Hold” and a consensus target price of $25.65.

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Shares of Plains GP stock opened at $24.99 on Friday. Plains GP has a 52-week low of $18.98 and a 52-week high of $27.75. The company has a current ratio of 0.86, a quick ratio of 0.73 and a debt-to-equity ratio of 0.73. The stock has a market cap of $3.87 billion, a PE ratio of 38.45 and a beta of 1.23.

Plains GP (NYSE:PAGP) last issued its quarterly earnings results on Tuesday, May 8th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.08). Plains GP had a positive return on equity of 0.70% and a negative net margin of 2.63%. The firm had revenue of $8.40 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the firm earned $0.34 earnings per share. The company’s revenue was up 26.0% compared to the same quarter last year. equities analysts anticipate that Plains GP will post 1.01 earnings per share for the current fiscal year.

About Plains GP

Plains GP Holdings, L.P. owns and operates midstream energy infrastructure in the United States and Canada. It operates through three segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment engages in the transportation of crude oil and natural gas liquids (NGLs) on pipelines, gathering systems, trucks, and barges.